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LONR ~ORr (`„ R. Mc00NALD, JRy Altoraw
Cif' F.d I ituiWl
RAMCO /ORM Ri•
ts.RS ... 18 -y
Ff. Woroe. Norids 3345 2v
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Executed the 30th day of July A. D. 1969 by
80WARD_GR$ENWgI:L, a single adult
hereinafter called the mortgagor, fo
l;~~t~tRL1D~-f~SCHU~fi~ j A ®~~1$~~ elt~i~~~
hereinafter called the mortgagee:
(1Nierever used iereia tie terns •' acrd "~oetpaec" include all the parties a tlis iRStrwacat sad tM icirs.
Iesa1 rtpreaeatatives asd alas of ~' and t-c srccesaars awd arises of carporaaoRa; aRd tie cert. '•wte••
includes all tic Rotes ierrut described i(^uM~~a we.)
~~G~ebl, that for good and valuable oortsiderations, and also to consideration of the aggre-
gate sum named in the promissory note of seen date herewith, hereinafter described, the mortgagor here-
by grartes. bargains, sells, alieru. remises, conveys and con jirrrts unto the mortgagee nll the certain land
of which the mortgagor is now seized and in possession situate in St. Lucie Co~b•
Florida. viz:
Lot 3 in Block 21 of Revised Plat of
Blocks 17, 21 and 22, Ft. Pierce Beach
Subdivision, as per Plat Book 10, Page
12, Public Records of St. Lucie County,
Florida.
This is a Purchase Money Second Mortgage-and is inferior to the
first mortgage with First Federal Savings & Loan Association of Ft.
Pierce, dated November 29, 1965, in the original amount of
$15,500.00, and recorded in O.R. Book 133, at Page 37, of the Public
Records of St. Lucie County, Florida, which mortgage the mortgagor
herein assumes and agrees to pay.
In the event that the mortgagor defaults in any payment or condi-
tion stipulated in any prior mortgage for a period of sixty days, or
in the event of any default in a prior mortgage so as to cause such
prior mortgage to be accelerated and become due and payable during
the continuance of this mortgage, then the entire sums secured by
this mortgage shall become due and payable at the option of the wort
gagee.
The Mortgagor covenants and agrees to make all payments and per-
form all conditions and covenants called for in any prior mortgages
now incumbering the property, and in the event of default in any
such payment or payments, conditions or stipulations, the mortgagee,
without waiving the option to foreclose herein reserves the right
to make such payments or perform such conditions or stipulations so
as to maintain the prior mortgages and prevent a foreclosure thereof
Any and all such sums paid or expenses incurred on behalf of the
mortgagor, together with interest prescribed in the note underlying
this mortgage, shall be added to the mortgage indebtedness and be
secured by this mortgage.
Privilege is reserved to prepay this note and mortgage, in whole,
or in part, at any time without notice and without penalty.
.In the event that the above property is sold then this mortgage
shall be paid off in full at once; in the event that this mortgage
becomes delinquent, the interest rate shall increase from 8$ to
10$.
BG~K 1 ~~ PACE 2b0
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